Peregrine Pharmaceuticals (NASDAQ:PPHM) posted its quarterly earnings results on Monday. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17), reports. Peregrine Pharmaceuticals had a negative net margin of 23.15% and a negative return on equity of 38.19%.

Peregrine Pharmaceuticals (NASDAQ PPHM) traded up $0.09 on Monday, reaching $5.35. The company had a trading volume of 261,909 shares, compared to its average volume of 307,791. Peregrine Pharmaceuticals has a 12-month low of $1.96 and a 12-month high of $5.78.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Peregrine Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Saturday, November 18th. ValuEngine lowered Peregrine Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Noble Financial began coverage on Peregrine Pharmaceuticals in a research report on Friday, September 29th. They issued a “buy” rating and a $10.00 price target for the company.

An institutional investor recently raised its position in Peregrine Pharmaceuticals stock. Northern Trust Corp boosted its holdings in Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) by 9.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 454,451 shares of the biopharmaceutical company’s stock after acquiring an additional 38,604 shares during the period. Northern Trust Corp owned 1.01% of Peregrine Pharmaceuticals worth $276,000 at the end of the most recent reporting period. 18.88% of the stock is owned by institutional investors and hedge funds.

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Peregrine Pharmaceuticals Company Profile

Peregrine Pharmaceuticals, Inc (Peregrine) is a biopharmaceutical company. The Company operates through two segments: Peregrine, which is engaged in the research and development of monoclonal antibodies for the treatment of cancer, and Avid, which is engaged in providing contract manufacturing services for third party customers on a fee-for-service basis while also supporting its internal drug development efforts.

Earnings History for Peregrine Pharmaceuticals (NASDAQ:PPHM)

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